National
NSW Government bought land for three times its value for light rail project – ABC News
A major land deal is under scrutiny after the New South Wales Government paid three times its value in an urgent “out of session” meeting.
A major land deal is under scrutiny after the New South Wales Government paid three times its value in an urgent “out of session” meeting.
Key points:
- A property developer bought land in Camellia, Sydney, shortly before the Parramatta Light Rail project was announced
- The NSW Government failed to negotiate a good price, buying the land from the developer for three times its value to use as a tram depot
- Former NSW auditor-general Tony Harris said the property deal should be referred to ICAC
The cost…
